Posted To: MND NewsWire
Since demographics, Freddie Mac says, drive the housing market, the company's economists focused part of its November Insights and Outlooks on the over age 55 population of homeowners. Sean Becketti, Chief Economist and others in his office point out that the press "overflows with questions about Millennials - when will they form households and buy homes?" While the direction the Millennials take in their housing choices will matter greatly, the choices made by the older generation, the article says, will be just as impactful. First there is the matter of home equity . While almost 60 percent of the population is under 55, two thirds of the primary home equity is owned by those over 55. The 55+ age group is currently composed of the very tail-end of the so-called Greatest Generation (those...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1NSUCo1
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